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World Business Report: First broadcast 21/11/2022 22:32 GMT : Rollercoaster day at the global oil market

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Rollercoaster day at the global oil market as Saudi Arabia denies output increase reports

First broadcast 21/11/2022 22:32 GMT 

First broadcast 21/11/2022 22:32 GMT : Rollercoaster day at the global oil market

Rollercoaster day at the global oil market

BBC World Service - World Business Report, Rollercoaster day at the global oil market

Oil prices have rebounded from early losses after Saudi Arabia denied considering an output increase.

Global oil prices staged a comeback from 10-month lows today caused by conflicting reports that oil  cartel OPEC+ is considering a 500,000bpd output hike. The Saudis denied the reports.
 
South Africa's troubled energy utility company Eskom, says it has run out of cash to buy diesel. The country has been grappling with months of severe power cuts which are hurting businesses and the economy. 

Is the boomerang CEO good for business? Bob Iger's shock return to Disney less than a year after he retired sparks a conversation.
(Picture: Oil platform at sea at sunset. Credit: Getty Images.)

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First broadcast 21/11/2022 22:32 GMT : Rollercoaster day at the global oil market

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